Ed “The Money Man” On Sac Radio

If you missed today’s show, Sacramento Smiles, the radio show created to keep Sacramento residents inspired and educated, then you’ll want to tune into to the free podcast.

Ed  “The Money Man” Wacaster is my co-host for the real estate segment of the show, but today, Ed was my featured guest. Ed focused in on helping us understanding ways to build our wealth, not only through real estate, but through smart financial planning. He gave some examples that head me straining my brain, because, well, math isn’t my strong suit, but let me tell you….you don’t have to be an Einstein to see that we all can stand to make better choices with our money.

With so many Sacramento residents out of work, facing foreclosure or any other kind of hardships that occur in tough economic times, there has never been a greater time in recent years for us to really make our money go farther.

One of the things I took away from the show has to do with watching where I spend my money. I mentioned to Ed that it’s really easy, with all our technology, to spend money without even ever seeing the cold hard cash. For example, I pay my bills on line, buy things over the Internet with PayPal, and pick up lunch with my ATM. In all those transactions, it’s rare I ever even see a single dollar. And think about it….if we don’t actually see the money we’re spending, it’s almost like we’re not even spending it….right?

I’ve made a decision that I am going to start being much more conscientious about what I spend my money on. Ed talked a lot about credit cards and interest rates and paying mortgages early.  He also seems to be a fan of finding a good financial planner who can help you plan your wealth. I’ll have to ask him on the show next week the best way we find a financial planner…after all, we have all heard horror stories of celebrities whose financial planners or accountants left them high and dry.

The bottom line is this: times are tough and we need to take a lead role in our own financial security.  How we do that is up to each of us, but one thing for sure–when it comes to the real estate financing part of it….whether to get a 15 year or a 30 year loan…how to clean up our credit scores…whether to consider a reverse mortgage or an equity line to fill in the financial weak-spots…all of these kinds of questions, are best answered by a trusted professional. I trust Ed Wacaster and after you listen to the show, I think you will too.

Ta ta for now,

Tamara